Mid-life circumstances often prompt executives to conduct a re-evaluation of personal, business and family priorities that impact career status and/or direction. A variety of articles and data show that increasing numbers of executives are making mid-life career transitions, in some cases voluntarily, in others involuntarily.
In a Business Week magazine special report, “How to Reinvent Yourself Post-Recession,” author Bob Buford states that “hard times have driven many to pause, take stock, and chart a new course for the second half of life.” Beyond current global economic conditions, many of today’s Baby Boomer executives are dealing with a whole host of new and different circumstances that affect their career direction decisions. Among the more common circumstances are:
• Changing financial circumstances: lower income or factoring in a longer
expected lifespan
• Age discrimination in the workplace
• Need to master new skills such as changing computer technologies and social
networking applications
• Careers disappearing or being outsourced
• Changing priorities regarding how to spend time: caring for aging parents, visiting
grandchildren,traveling, volunteering
• Health issues
• Defining retirement: different work, part-time work |